40 Women-Led Startups Will Get Mentoring from Google
Google announced they will be launching two cohorts of the Google for Startups accelerator program for women-led startups in India.
Google is focusing on women-led startups because only about 6 percent of all startup funding raised in India goes to female-founded companies. The number goes down to 1.5 percent if you exclude the startups where women have male co-founders.
Google aims to mentor female entrepreneurs and help them hire teams, raise capital, build a community, and network with like-minded business people. Paul Ravindranathan G, program manager, Developer Relations, and head of Google Accelerator at Google India, said:
“In one of the surveys, almost 48 percent of women said that they need access to a better mentor, and we want to solve this. Importantly, there’s nothing like having a peer group that allows you to connect and grow.”
Each cohort will support 20 female entrepreneurs, which means that 40 women in total will get the chance to participate.
This is the first cohort aimed exclusively at women. So far, Google had 6 cohorts, which helped more than 100 companies raise over $2 billion in funding. This created 12,000 jobs. What’s more impressive is that around 10 percent of companies participating in Google’s accelerator program go on to raise $100 million.
The End of Startup Tech Jobs In the UK?
Fresh data shows that the number of tech job listings from UK startups is down 20% in the past three months.
The data comes from the jobs platform Otta. This information goes hand-in-hand with the recent economic downturn. Because of negative predictions, VCs are very cautious with their investments.
We have already seen some of EUs startups begin laying staff, and the Otta data shows they aren’t hiring new employees. For example, Klarna is laying off 10% of its global workers.
The smallest and biggest startups are most affected. Startups with under 21 employees and startups with over 1,000 employed have posted 33% fewer new jobs in the past month and a half.
The recent trend seems to impact startups in the big data and education sectors, followed closely by startups in the AI and blockchain industries.
Cybersecurity and fintech startups are doing a lot better, with a drop in new job postings that’s under 10%.
Otta also reports that the number of roles available for jobseekers is decreasing, but the total number of applications remains the same. This is worrisome for job seekers since there are more people competing for every role than before.
The most affected roles are software engineers and product roles, which saw new job listings drop by 33% and 27%.
This is a huge shift compared to previous months when startups competed with perks and high salaries to attract the most talented workers.
Kraken and Binance Hire More People As The Market Crumbles
The cryptocurrency industry is highly volatile. This holds true for the currencies and the trading platforms.
Coinbase, Crypto.com, and Gemini are cutting their employee base. Coinbase had to let go of 18% of its workforce. On the other side of the spectrum, we have crypto trading platforms that seem to be thriving during the turmoil.
Kraken, the fourth largest trading platform in the world, announced they will be filling 500 new roles in 2022.
Binance.Us also showed positive signs as its CEO informed the employees that the platform is growing faster than ever. The entire Binance group is filling 2,000 positions globally, according to the founder and CEO Changpeng Zhao.
How Drugs Get Their Names
Have you ever wondered how Viagra and Lunesta got their names? In the world of naming, pharmaceutical companies occupy a special place. Naming a drug is one of the hardest things in the branding world.
In fact, it’s so complicated that there are naming companies specializing entirely in pharmaceutical naming.
This week, National Geographic published an interesting story that dives deeper into the art and science of pharmaceutical naming.
The U.S. Food and Drug Administration approves 50 new drug brand names every year. There are over 30,000 different drugs in the U.S. Do you want to know how they get their names?
Check out the National Geographic article.
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You can use our product name generator and our health business name generator to create interesting pharmaceutical drug names.
Artificial Intelligence Is Pushing Big Business
Samsara, the IoT manufacturer, surveyed over 1,500 operations leaders to get insights into AI in IoT and Ilot hardware.
The pandemic shook the supply chain and showed the need for increased investments in IoT for organizations with physical operations. Ninety percent of surveyed leaders said they implemented or plan to implement AI automation technologies connected via the IoT.
Stephen Franchetti, Samsara’s CIO, said: “Our research found that 31% of respondents benefited from less time spent on repetitive tasks and 40% higher employee engagement as a result of AI and automation.”
It’s safe to say AI is here to stay.
Bye, Bye Internet Explorer
The Internet Explorer is officially retiring after 27 years in service on the 15th of June. Windows have pushed users toward the Edge browser for a while now, but what’s surprising is that 47% of Windows 10 users still rely on Internet Explorer to access the web.
Often called the ugly-ducking of the web browser world, Internet Explorer was the first major tool that allowed us to access the web.
Today, the web browser market is dominated by Chrome and Safari, which have a 65% and 19% market share, with Google’s Chrome leading the pack.